Post by
mouserman on Feb 27, 2019 2:13pm
Low volume selling
Only 2400 shares sold today, and obvious some selling on exdividend date to chase higher returns.
DS share price has increased by quite a lot since the start of 2019 but not keeping pace with some of the other funds in Quadravest that had dropped below distributions levels for the commons. The rebound has been very big for those with the huge yields...
DS share price will continue to climb as long as it trades steadily at a discount to NAV ( its real value) but will never see 40 to 50% premiums to NAV like FTN .
If the hare price climbs to 7.80 by March 27 , the distribution will jump from current .059 monthly per share to .065 which would be over 10% higher than the previous.
Nice to have increasing yield with DS , instead of dropping yield as the share price goes up, as happens with so many of the split funds.